| Date: |
06-06-1999
|
| Notification No: |
DGFT Policy Circular No 17/1999
|
| Issuing Authority: |
DGFT
|
| Type: |
Circular
|
| File No: |
|
| Subject: |
Clarification relating to settlement of cases of Duty Exemption Scheme/ Pass Book Scheme/ EPCG Scheme under Kar Vivad Samadhan Scheme Rules, 1998 of Ministry of Finance
|
|
Clarification relating to settlement of cases of Duty Exemption Scheme/ Pass Book Scheme/ EPCG Scheme under Kar Vivad Samadhan Scheme Rules, 1998 of Ministry of Finance
Policy Circular No. 17 dated 6th June 1999
A clarification has been sought whether Kar Vivad Samadhan Scheme is applicable to various Export Promotion Scheme like Duty Exemption Scheme/ Pass Book Scheme/ EPCG Scheme. The matter has been examined in consultation with the Department of Revenue. It is hereby clarified that if the licence holder settles the custom dues under the Kar Vivad Samadhan Scheme, he can only be absolved of his liability in relation to the Customs Duty due and payable. The licence holder is also entitled for grant of immunity from prosecution under the provision the Customs Act, 1962. However, the licence holder is not entitled to claim any benefit in respect of actions that may be initiated by the DGFT for any violation under the Foreign Trade (Development and Regulation) Act, 1992, Rules and orders made thereunder including regularization procedure laid down in
the Exim Policy and Handbook of Procedure (Vol.1).
This issues with the approval of DGFT.
|
|
|